Outward FDI and Domestic Investment

descriptionPublicationkeyboard_double_arrow_right Research , Preprint 01 Jan 2007 English Publisher:Berlin: Deutsches Institut für Wirtschaftsforschung (DIW)

Authors: Dierk Herzer; Mechthild Schrooten;

handle: 10419/18411

Outward FDI and Domestic Investment

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Abstract

This paper examines the impact of outward foreign direct investment (OFDI) on domestic investment by applying co-integration techniques to macroeconomic time series data for the United Sates and Germany. We show that the two countries differ: In the case of the US, OFDI has positive long-run effects on domestic investment while in the case of Germany the reverse effect is reported.

Keywords

ddc:330, Investition, Foreign Direct Investment, Direktinvestition, Foreign Direct Investment, Investment, Open Economy Macroeconomics, Open Economy Macroeconomics, E22, F21, Vergleich, Investment, Deutschland, F41, Offene Volkswirtschaft, USA, jel: jel:F21, jel: jel:E22, jel: jel:F41

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